Titanium Corporation Inc. (the "Company" or "Titanium") (TSX VENTURE:TIC) today
released its results for the second quarter ended February 28, 2014.


"We continued our focus in the second quarter on building relationships and
awareness of Titanium's made-in-Canada oil sands tailings solution," commented
Scott Nelson, Titanium's President and Chief Executive Officer. "Federal
government funding from SDTC together with support by industry has been
instrumental in enabling development of our technology, which will provide
sustainable economic, environmental and social benefits while creating a new
minerals export industry for Canada."


CEO Scott Nelson was recently interviewed on BNN television about Titanium's
technology and prospects. The interview is available for viewing on the
Company's website, at www.titaniumcorporation.com.


The following are other highlights of the Company's progress towards
commercialization:




--  Titanium continued its engagement with oil sands producers, and has
    revised proposals based on feedback which are now under review and
    discussion with operators. The Company has offered flexible business
    models that provide robust economics, whereby oil sands operators
    license the Company's technology and build and operate tailings
    processing/recovery facilities on their sites. Alternatively, third
    parties, including the Company, could build and operate the facilities
    for the oil sands operators. 
--  The Company participated in industry and government conferences and
    forums, including the 13th Annual Oil Sands Summit in Calgary and Globe
    2014 in Vancouver. At Globe, the Company's technology was highlighted in
    keynote remarks as a leading sustainable solution for the oil sands
    industry, by Jim Balsillie, former CEO of Research in Motion
    (Blackberry) and the Chairman of SDTC. Titanium's participation at Globe
    was reported widely in national media. 
--  An active public and government relations program during the quarter
    included participation in Energy Week in Ottawa and meetings with the
    Federal Ministries of Natural Resources and Environment. In Edmonton,
    the Company briefed recently appointed Alberta Ministers of Environment
    and Sustainable Resources, Energy and the Deputy Premier on the
    Company's technology and commercialization plans. 
--  International research and testing has confirmed the value of the heavy
    minerals recovered by Titanium technology from oil sands tailings
    streams. The recent larger volume minerals testing program confirms an
    efficient commercial flow sheet specific to processing heavy minerals
    recovered from the Athabasca oil sands. Zircon product samples from the
    program are now being prepared for testing by the ceramic tile industry
    in China. 
--  The Company continued its focus on conserving cash by reducing costs and
    implementing new share ownership programs. Management and the Board
    received shares in lieu of a portion of cash compensation. The Company
    completed final reporting to Sustainable Development Technology Canada
    ("SDTC") and on April 9, 2014 received payment of $629,194. This is the
    final payment of SDTC grants totaling $6.3 million which funded a
    significant portion of the Company's pre-commercial demonstration
    piloting. With the recent SDTC grant payment, the Company's cash
    position was $3.4 million. 



FINANCIAL OVERVIEW

As a research and development company, Titanium is focused on achieving
long-term financial success by taking its innovative technologies into
commercial production. Until commercial investment is made and a plant is built
and operating, the Company expects to incur losses. However, with pilot testing
completed, R&D investment in future quarters will be substantially reduced as
the Company focuses its resources on commercialization.


Net Loss - Net loss of $1.0 million for the three month period ended February
28, 2014 decreased by $0.1 million from $1.1 million in the comparative three
month period ended February 28, 2013. With the completion of pilot testing and
as a development stage company, Titanium's net loss for the period is in line
with expectations.


Research & Development ("R&D") - For the three month period ended February 28
2014, R&D spending was $0.3 million as compared to $0.6 million for the three
month period ended February 28, 2013. R&D expenditures in the current quarter
were significantly reduced as labour and operating costs related to
demonstration piloting were eliminated with the completion of R&D piloting in
May of 2013. The final stage of minerals development is substantially complete
and with the focus on commercialization of the CVW(TM) technology, R&D expenses
in the future quarters will be substantially reduced.


General & Administrative ("G&A") - G&A expense was higher by $0.1 million in the
current quarter at $0.7 million compared to the three month period ended
February 28, 2013 as a result of recognition of non-cash stock-based
compensation expense related to vesting of stock options previously granted.
Overall cash G&A costs have been reduced and with uncertainty related to timing
of commercial projects and to preserve cash, the Company initiated stock-based
incentive compensation plans in lieu of cash compensation for management and
directors. This program reduced cash compensation for the three month period
ended February 28, 2014 by $0.1 million and $0.2 million for the six month
period ended February 28, 2014.


Cash Position - The Company had $2.9 million in cash at February 28, 2014
compared to $4.1 million at August 31, 2013; the reduction in cash due to
ongoing operational expenses in the quarter. With the receipt of the $629,194
SDTC grant on April 9, 2014, the Company has sufficient cash to fund its R&D and
G&A costs for a period in excess of 12 months. As the Company focuses on
commercialization of its technology, any discretionary R&D and engineering
projects would be pursued in conjunction with grant funding or partner support.


To view the Company's management discussion and analysis and unaudited condensed
interim financial statements for the three and six month periods ended February
28, 2014, please visit our website at www.titaniumcorporation.com or SEDAR at
www.sedar.com.


About Titanium Corporation Inc.

Titanium Corporation's "Creating Value from Waste(TM)" technology provides
sustainable solutions to reduce the environmental footprint of the oil sands
industry. Our technology reduces the environmental impact of oil sands tailings
while economically recovering valuable products that would otherwise be lost.
CVW(TM) recovers bitumen, solvents and minerals from tailings, preventing these
commodities from entering tailings ponds and the atmosphere: VOC and GHG
emissions are materially reduced; tailings water is improved in quality for
recycling; and residual tailings can be thickened more readily. A new minerals
industry will be created commencing with the production and export of zircon, an
essential ingredient in ceramics. The Company's shares trade on the TSX-V under
the symbol "TIC". For more information please visit the Company's website at
www.titaniumcorporation.com.


Disclosure regarding forward-looking statements

Certain statements contained herein regarding the Company and its plans
constitute "forward-looking statements" within the meaning of Canadian
securities laws. By their nature, forward-looking statements require the Company
to make assumptions and are subject to inherent risks and uncertainties. There
is a significant risk that predictions, forecasts, conclusions, projections, and
other forward-looking statements will not prove to be accurate. We direct you to
our statement of risks and uncertainties more particularly described and updated
in the Company's management discussion and analysis filed for the period ended
February 28, 2014 and annual information form for the year ended August 31, 2013
each filed on SEDAR (www.sedar.com). Most notably these risks include, but are
not limited to risks associated with the commercialization of the CVW(TM)
project on the timetable anticipated or at all; access to capital on acceptable
terms to fund our commercialization plan, operational or technical difficulties
in connection with building and operating the CVW(TM) project and research
activities; uncertainty related to the cost to build and operate CVW(TM)
facilities; reliance on a small number of people, access to and cost of oil
sands tailings necessary to carry out the CVW(TM) project, competition and
intellectual property protection and changes to environmental laws and
regulation.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Titanium Corporation Inc.
Scott Nelson
President & CEO
(403) 561-0439
snelson@titaniumcorporation.com


Titanium Corporation Inc.
Andreas Curkovic
Investor Relations
(416) 577-9927
acurkovic@titaniumcorporation.com
Titanium (TSXV:TIC)
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